What is materials cash disbursement

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Reference no: EM131916283

The Hug-a-Bear company makes its teddy bears the month before they are sold and pays for all materials in the month of purchase. If sales of $1.9 million are expected in November and the firm pays 60 percent of sales in material costs, then what is the materials cash disbursement in October? (Enter your answer in millions of dollars rounded to 2 decimal places.)

Reference no: EM131916283

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